Domestic equity benchmarks on Friday snapped a rally that lasted four consecutive sessions as losses in banking stocks along with heavyweight dragged Dalal Street. Investors eyed earnings from RIL, the country’s most valuable company, later in the day.
The S&P BSE Sensex index ended 983.58 points or 1.98 per cent to settle at 48,782.36 whereas the NSE Nifty 50 benchmark settled at 14,631.10, shedding 263.80 points or 1.77 per cent from its previous close.
HDFC was the top laggard in the 50-scrip pack, closing 4.38 per cent lower. HDFC Bank, ICICI Bank,
and Asian Paints were other losers.
On the other hand, ONGC was the top gainer, ending the session with a gain of 4.32 per cent.
, Dr Reddy’s Laboratories and Bajaj Auto were among the other gainers.
THIS IS A DEVELOPING STORY. MORE TO COME…
